Forex4Money Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this Forex4Money Review, we are going to take a look at the offer that this broker prepared for its traders. Forex4Money operates on the financial market since 2015. When it comes to trading platforms, the broker features WebTrader. The Forex4Money minimum deposit is 100 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this Forex4Money Review

Website address:forex4money.com
Operated by: Forex Internatinal Gain Ltd.
Licensed and authorised by regulatory bodies:VFSC
Supported languages:English
Customer support available via:E-mail, phone, live-chat
Contact details:[email protected], +1 727 451 9982
Available deposit methods:VISA, MasterCard, American Express, JCB, Payment Asia, PayPal
Available withdrawal methods:VISA, MasterCard, American Express, JCB, Payment Asia, PayPal
Minimum deposit:100 USD
Min. trade in lots:0.01
Spreads:Typical spread on the currency pair EUR/USD - 4,0 pips * on standard account type
Tradable assets:
Might be a CFD.
Forex, stocks, commodities, indices
Mobile app: Yes
MetaTrader 4:No
Other trading platforms:WebTrader
Social trading:No

Forex4Money Fees (typical spreads)

We have scanned fees (typical spreads) that Forex4Money charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
* 4,0* * * * *

*Typical spreads were recorded on 17.01.2020 at 21:27 for the standard account. Forex4Money spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: Pro24FX, APlusTrader, TradeFW and Dow500

Frequently Asked Questions

🧐 Is Forex4Money a Scam?

In accordance with our research, Forex4Money is a broker licensed and regulated by the VFSC. While it is a good thing that the broker is regulated, the VFSC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Forex4Money is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the Forex4Money minimum deposit?

In order to start trading with Forex4Money, you have to deposit at least 100 USD.

📵 What deposit and withdrawal methods Forex4Money supports?

Forex4Money allows funding your account via VISA, MasterCard, American Express, JCB, Payment Asia, PayPal.

⚖️ Would you recommend me choosing Forex4Money?

We don’t have our own personal experience with Forex4Money. However, the broker is regulated by the VFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Forex4Money.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC FCAFSCA $ 10 MT4 & MT5 0.3 PIPs ¹
  • Competitive spreads
  • International support
Start tradingRead a review
CySECASIC £/€/$ 100 MT4 & MT5 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
FCACySECASIC £/€/$ 0 MT4, MT5 & TradingView 1.0 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.

7 Comments

  • This app is best for trading but not very popular this app is underrated and few people use this app and get benefit there are no show any ads to user and customer service are good Iam earn very much profit to this platform.

  • Ultimately, the best trading app for you will depend on your specific trading goals and requirements, so it’s important to research and compare different apps to find the one that best suits your needs.

  • Forex4money bahut hi sahi app hai beginners ke liye Maine iss app ko 5 mahine pehle install Kiya tha aur Maine bahut acha profit bna liya hai isse . Bahut hi mixed reviews dikh rhe honge forex4money me but mai genuinely bol rha hu personal experience se ki aap trust kr skte hai agar apko acha profit bnana h kam time me

  • Forex4money is the best app till date I have used for trading…it provides instant withdrawal which is very convenient for the people who want per day withdrawal
    If you are beginner you can go with this app it provides seamless experience which no other app can give in my opinion

  • Forex4money mujhe thoda time hi use krte hue but mujhe jitni bhi knowledge hui h forex trading ki vo inhi ke mentors ne help Kiya h profit gain krne me
    And second thing maine 2 baar withdrawal Kiya h aur vo timely hua jinko bhi problem aa rhi withdrawal me vo thoda wait kr skte h maybe kisi technical issue ki wjh se ho rha ho ye

  • its fraud company
    There has been no activity on their Facebook page for last 2 years, it has been a month since I sent an email on the email given on their website and no reply has been received yet. all numbers are switched off even landline number not in use,
    I request you all, it is better to give your money to some poor or beggar than giving it to these thieves and robbers, you will get blessings.

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